Updated FAQs – COVID-19 PPP and EIDL Loans for Churches and Other Nonprofits

As of April 24, 2020, the SBA’s Payment Protection Program and Economic Injury Disaster Loan programs were replenished with $310 billion in PPP and $60 billion in EIDL additional funding. The SBA has correspondingly updated its April 6, 2020 FAQs. Organizations with pending applications and new applicants thus may both garner these highly advantageous loans, like the first round approved March 27, 2020, however, this additional funding is expected to run out quickly.

 

Responding to a Confirmed Case of COVID-19 in the Workplace or Someone Who Has Symptoms

A significant number of employees have been working from home, but they may soon return to work as stay-at-home orders are lifted across the country. As employees begin to return to their workplaces, employers want to know what they should do if an employee tests positive for COVID-19 or has symptoms of COVID-19. Are employers legally required to do anything? What is best practice in responding to a confirmed case of COVID-19 at the workplace? What if the person only has symptoms but no confirmation? What information can employers disclose to other employees, if any? This article will address five things employers should do when responding to a possible or confirmed case of COVID-19 in the workplace.

FAQs – COVID-19 PPP and EIDL Loans for Churches and Other Nonprofits

This guidance supplements our law firm’s April 2, 2020 webinar addressing financial assistance available through the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), which was enacted March 27, 2020 in response to the worldwide novel coronavirus outbreak. The Paycheck Protection Program (“PPP”) and Economic Injury Disaster Loan (“EIDL”) program are intended to provide significant financial assistance to nonprofits, small businesses, and others facing economic harm and other risks resulting from pandemic-related conditions.